Inquiring Reporter: DO a quarterly analysis of national credit trends and what do you get?

 

 
 
 
 
Lena Joehnk, North Vancouver: "It's so easy to get plastic here. In Europe, it's not so easy there. They
give it away like candy here."
 

Lena Joehnk, North Vancouver: "It's so easy to get plastic here. In Europe, it's not so easy there. They give it away like candy here."

Photograph by: submitted , for North Shore News

The conclusion that household spending is on the rise and Canadians are deeper in debt.

Non-mortgage debt has jumped 4.6 per cent since last year, leaving Canadian consumers with an average debt of $26,768. With debt outpacing inflation, the average British Columbian consumer owes more than $38,000.

Are predatory credit card companies to blame, or is the burgeoning debt a harbinger of a booming economy?

Find us on Facebook or Twitter and tell us what you think.

 
 
 
 
 
 
 
 

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Lena Joehnk, North Vancouver: "It's so easy to get plastic here. In Europe, it's not so easy there. They
give it away like candy here."
 

Lena Joehnk, North Vancouver: "It's so easy to get plastic here. In Europe, it's not so easy there. They give it away like candy here."

Photograph by: submitted , for North Shore News

 
Lena Joehnk, North Vancouver: "It's so easy to get plastic here. In Europe, it's not so easy there. They
give it away like candy here."
Martin Uren, North Vancouver: "Interest rates are really low."
Shane Peterson, North Vancouver: "Because credit card companies are insanely evil and charge 19 per cent
interest rates."
Michael Maki, North Vancouver: "I guess they don't consolidate their bills."
Elaine Sundbakken, North Vancouver: "Overspending. Most people buy too much."